Scotiabank Raises Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target to C$16.50

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price objective raised by investment analysts at Scotiabank from C$16.00 to C$16.50 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target would indicate a potential upside of 4.96% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Raymond James Financial raised their price target on shares of Choice Properties Real Est Invstmnt Trst from C$16.25 to C$16.50 and gave the stock a “market perform” rating in a research note on Friday. National Bank Financial increased their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 and gave the company a “sector perform” rating in a report on Friday. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$16.20.

Choice Properties Real Est Invstmnt Trst Trading Up 1.3%

Shares of CHP.UN stock opened at C$15.72 on Friday. Choice Properties Real Est Invstmnt Trst has a fifty-two week low of C$13.39 and a fifty-two week high of C$15.85. The company has a debt-to-equity ratio of 249.71, a quick ratio of 0.13 and a current ratio of 0.70. The stock’s fifty day moving average is C$15.26 and its two-hundred day moving average is C$14.93. The firm has a market capitalization of C$11.38 billion, a P/E ratio of 14.51 and a beta of 0.78.

Choice Properties Real Est Invstmnt Trst Company Profile

Choice Properties Real Estate Investment Trust invests in, manages, and develops retail and commercial properties across Canada. The company’s portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick. Choice Properties generate the majority of revenue from leasing properties to its tenants. The company’s principal tenant, the large-format retailer Loblaw Companies, contributes the vast majority of the total rent.